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General Information

Websiteincj.co.jp/english
Phone81 3 5218 7200
Employees
Founded7/2009

Funds

Offices

Tokyo, JPN
Marunouchi Kitaguchi Bldg., 1-6-5,
Marunouchi, Chiyoda-ku,
Tokyo, JPN

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Innovation Network Corporation of Japan

Innovation Network Corporation of Japan (INCJ), a unique public-private partnership aimed at promoting innovation and enhancing the value of businesses in Japan, was launched in July 2009.

Leveraging the rich history of Japanese technological prowess, INCJ aims to provide financial, technological and management support in order to promote the creation of next-generation businesses through “open innovation,” or the flow of technology and expertise beyond the boundaries of existing organizational structures.

INCJ will draw on funding as well as management and technological expertise from the public and private sectors. INCJ is actively reviewing various investment opportunities in areas of green energy, electronics, IT and biotechnology to infrastructure-related sectors such as water supply. Each investment will be thoroughly vetted to ensure it meets the exacting standards of INCJ’s Innovation Network Committee, which will make the final investment decisions.

INCJ is capitalized at 280 billion yen, with the Japanese government injecting 266 billion yen and 26 private corporations (refer to details in Appendix below) providing a further 14 billion yen. The government will also provide guarantees up to a total of 1,800 billion yen for INCJ investments, giving it an investment capability of approximately 2,000 billion yen. INCJ will be established for a period of 15 years.

Recent Milestones

Investments

Company Date Round Size Participants
Prism Pharmaceuticals 6/2013Series C$15M1
Midokura 4/2013Series A$17.3M4
Wireless Glue Networks 2/2013Series B$4.5M4
Transphorm 10/2012Series E$35M1
Miselu Inc. 7/2011Series A$6M1

Videos

Sources

    INCJ Fund Acquires 20% of Robot Hand Maker for $4.9M (roboticsbusinessreview.com) [edit]
  1. Japanese biotech Prism snags $15M C round for cancer, fibrosis studies Read more: Japanese biotech Prism snags $15M C round for cancer, fibrosis studies - FierceBiotech http://www.fiercebiotech.com/story/japanese-biotech-prism-snags-15m-c-round-cancer-fi (fiercebiotech.com) [edit]
  2. Midokura Scores $17.3M Series A To Ramp Up Its Network Virtualization Offering On A Global Scale (techcrunch.com) [edit]
  3. Wireless Glue Networks Closes $4.5M Series B Funding (finsmes.com) [edit]
  4. Transphorm, An Energy Groundbreaker Backed By Google Ventures, Gets $35M From Japan Powerhouses (techcrunch.com) [edit]
  5. Japanese fund buys stake in U.S. music venture (mdn.mainichi.jp) [edit]
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Last Edited 3/17/14

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